Lincoln Avenue Communities Secures $151MM Loan for Affordable Housing in San Diego

Berkadia announced today the financing of Sea Breeze Gardens, a 268-unit affordable housing property in San Diego, California. Senior Managing Director Tim Leonhard and SVP and Head of Acquisitions Chris McGraw of Berkadia Affordable Housing secured the $53.5 million Low-Income Housing Tax Credit (LIHTC) equity investment and $97.5 million in bonds that were credit enhanced by Freddie Mac on behalf of the sponsor, Lincoln […]